Crude Oil: Oil trading lower, ahead of API’s weekly crude oil stockpiles data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.62% against the USD and closed at USD40.63 per barrel, amid news that Saudi Arabia has decided to raise the premium of its benchmark grade crude, and … Continue reading

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Crude Oil: Oil trading higher in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.05% against the USD and closed at USD40.32 per barrel on Friday, amid worries over increasing coronavirus cases in the US. In the Asian session, at GMT0300, … Continue reading

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Crude Oil: Oil trading higher in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.87% against the USD and closed at USD40.34 per barrel, amid upbeat US jobs data and after Baker Hughes reported that the US oil rig count fell … Continue reading

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Crude Oil: Oil reverses its losses in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.23% against the USD and closed at USD39.60 per barrel. The Energy Information Administration (EIA) reported that crude oil inventories fell by 7.2 million barrels for the … Continue reading

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Crude Oil: Oil trading higher, ahead of EIA’s weekly crude oil stockpiles data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil slightly declined against the USD and closed at USD39.69 per barrel, amid fears that resurgence in new coronavirus cases would hurt energy demand. In the Asian session, at … Continue reading

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Crude Oil: Oil trading lower, ahead of API’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 4.58% against the USD and closed at USD39.70 per barrel, amid slight recovery in energy demand. In the Asian session, at GMT0300, the pair is trading at … Continue reading

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Crude Oil: Oil trading lower in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.58% against the USD and closed at USD38.11 per barrel on Friday, as a rise in coronavirus cases in the US and China sparked worried over fuel … Continue reading

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Crude Oil: Oil trading higher, ahead of Baker Hughes weekly rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 3.25% against the USD and closed at USD39.12 per barrel, after the US economic data showed signs of improvement. In the Asian session, at GMT0300, the pair … Continue reading

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Crude Oil: Oil extends its losses in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 5.2% against the USD and closed at USD37.89 per barrel, as concerns over rising coronavirus cases raised worries over energy demand. Additionally, the Energy Information Administration (EIA) … Continue reading

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Crude Oil: Oil trading higher, ahead of EIA’s weekly crude oil stockpiles data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.61% against the USD and closed at USD39.97 per barrel, as surge in coronavirus cases and uncertainty over the US-China trade deal stoked concerns over fuel demand. … Continue reading

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Crude Oil: Oil trading lower, ahead of API’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.93% against the USD and closed at USD41.04 per barrel, as major oil producers tightened oil supplies. Adding to the positive sentiment, Bank of America (BofA) Global … Continue reading

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